The DeFi protocol Dezy announced the cessation of services, having previously completed a $2.2 million Pre-A round of financing

ChainCatcher news, the DeFi protocol Dezy has announced the cessation of services, as the ongoing market conditions no longer allow the project to operate in a manner that best serves its users, nor can it continue to execute its roadmap in a meaningful way. Currently, all deposit functions of the product have been disabled, and users can withdraw funds from various supported protocols and automated investment tools.

It is reported that DeZy aimed to simplify decentralized finance in a secure and user-friendly manner, helping users generate yields, execute batch trades, earn fees, and average costs through an easy-to-use interface, thereby achieving meaningful savings, income growth, and wealth accumulation. According to RootData, the project completed a $2.2 million Pre-A funding round in January 2022, with investors including Leo Capital, DeFiance Capital, Michael Ng, Tianwei Liu, Sharon Lourdes Paul, and others.